$4,749 Closing Credit*
$399,900
960 SqFt
4 Beds
•2 Full Baths
Gregory A Simmons Sr., Listing Office: Berkshire Hathaway HomeServices Michigan Real Esta
Is Plainfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Plainfield Charter Township has remained a Seller's Market.
Key Takeaway
Plainfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainfield Charter Township, MI
How much do homes in Plainfield Charter Township, MI cost?
Median Sold Price
$385,250
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,250(+4.4%)
Key Takeaway
Homes in Plainfield Charter Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Plainfield Charter Township was $385,250 in October 2024, up 4.4% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.9K | $154K | +23.3% |
| 2 Bedrooms | $265K | $250K | -5.7% |
| 3 Bedrooms | $347.5K | $335K | -3.6% |
| 4 Bedrooms | $405K | $412K | +1.7% |
| 5+ Bedrooms | $533K | $608K | +14.1% |
Summary: Plainfield Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Belmont | $427.5K | $466K | +9.0% |
| Alpine Township | $272.5K | $293.7K | +7.8% |
| Comstock Park | $295K | $310K | +5.1% |
| Plainfield Charter Township | $369K | $385.2K | +4.4% |
| Rockford | $425K | $430K | +1.2% |
Housing Supply in Plainfield Charter Township, MI
How many homes are available in Plainfield Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 105 | +1.9% |
Summary: The Plainfield Charter Township real estate market had 105 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 39 | 47 | +20.5% |
| 5+ Bedrooms | 12 | 5 | -58.3% |
Summary: The Plainfield Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 58.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 23 | -36.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainfield Charter Township, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Plainfield Charter Township in October 2024, down by 36.1% month-over-month. Of the 23 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% were sold over asking.
Days on Market for Plainfield Charter Township, MI
How long does it take to sell a home in Plainfield Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 15 Days | -30.0% |
Summary: Homes in Plainfield Charter Township had an average of 15 days on market in Oct 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Plainfield Charter Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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